Uncertainty Assessment in Life Cycle Cost Analysis.

Abstract

Several of the leading probabilistic methods for measuring uncertainties in construction project life cycle costs were studied to evaluate their applicability for military construction projects. The confidence index and statistical testing approaches are discussed in detail; other methods are discussed briefly. The confidence index approach is recommended as a simple, cost-effective method suitable for use in military construction design. Keywords: Life Cycle Costs, Uncertainty Assessment.

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Document Details

Document Type
Technical Report
Publication Date
May 01, 1985
Accession Number
ADA157414

Entities

Organizations

  • Construction Engineering Research Laboratory

Tags

Communities of Interest

  • C4I
  • Energy and Power Technologies
  • Human Systems

DTIC Thesaurus Topics

  • Computational Science
  • Computer Programs
  • Computers
  • Cost Analysis
  • Cost Estimates
  • Databases
  • Engineering
  • Engineers
  • Estimators
  • Investments
  • Life Cycle Costs
  • Life Cycles
  • Monte Carlo Method
  • Probability
  • Probability Distributions
  • Reliability
  • Risk Analysis

Fields of Study

  • Engineering

Readers

  • Adaptive Control and Estimation with Uncertainty in Dynamic Systems.
  • Software Engineering
  • Systems Analysis and Design